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Three Morgan Stanley Advisors Clear Records of Back-Office Mistake

April 11th, 2022 at 1:08 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has expunged the records of three advisors who are part of a large Morgan Stanley team. The disclosure had related to their purported liability for a customer complaint pertaining to a back-office mistake over a misvalued stock certificate.    
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Supreme Court Rules in Favor of Former Ameriprise Advisor

April 8th, 2022 at 12:09 PM
The U.S. Supreme Court has ruled in favor of a former Ameriprise Financial advisor in a landmark decision that could provide advisors with more leeway when disputing arbitration awards.    
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FINRA Suspends Former سԹlls Fargo Advisor Over Dead-Man-Trading Violation

April 7th, 2022 at 2:16 PM
The Financial Industry Regulatory Authority (FINRA) has suspended a former سԹlls Fargo advisor for allegedly completing several trades on behalf of a client without obtaining consent.    
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SEC Bars Advisor Over 1 Global Capital Sales

April 6th, 2022 at 2:20 PM
The Securities and Exchange Commission (SEC) has barred an advisor as well as his firm, which sold $37 million of an investment fraud, 1 Global Capital, between May 2017 and June 2018.    
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Former Citibank Advisor Agrees To Non-Solicit Ban After Departing Morgan Stanley

April 5th, 2022 at 2:06 PM
A former New York-based Citigroup advisor has agreed to a client solicitation ban after recently departing Citigroup to join Morgan Stanley.      
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Judge Splits Late UBS Manager’s Assets Between His Mother and Domestic Partner

April 4th, 2022 at 1:39 PM
A U.S. District Court Judge has ordered the mother and domestic partner of a former UBS سԹalth Management complex manager, who died in January 2019 at age 48, to split nearly $649,000 in assets.    
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FINRA Settles With Geneos Over Improper GPB Sales and “Risky” Alternative Mutual Fund

April 1st, 2022 at 2:17 PM
As part of a settlement, the Financial Industry Regulatory Authority (FINRA) has imposed a $150,000 fine on Geneos سԹalth Management pertaining to improper sales of GPB private placements and for failing to supervise its advisors’ recommendations of LJM Preservation & Growth Fund, an alternative mutual fund.    
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FINRA Bars Alpine Securities Over Allegations Over Misappropriation and Excessive Fees

March 31st, 2022 at 1:30 PM
The Financial Industry Regulatory Authority (FINRA) has barred a Salt Lake City-based advisory firm, Alpine Securities, from the industry and has ordered the firm to pay nearly $2.3 million in restitution.    
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UBS Seeks TRO Against سԹlls Fargo Team Who Sent Video Message to Clients

March 30th, 2022 at 2:23 PM
UBS سԹalth Management is seeking a temporary restraining order (TRO) against two former advisors who recently joined سԹlls Fargo and allegedly sent a video message to solicit their former clients.    
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FINRA Settles With Two Advisory Firms Over Improper Sales Of GPB Private Placements

March 29th, 2022 at 12:00 PM
The Financial Industry Regulatory Authority (FINRA) has agreed to settlements with two advisory firms over improper sales of GPB Capital Holdings private placements to investors.    
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